All Forum Posts by: Account Closed

If you have insurance through work you will need to factor things like that in as well when you cut the cord.

@Peter Lohmann sent you an email.  

@Richelle T. I will take you up on that if I make a trip to Toledo (Go Rockets!)

Hey BiggerPockets,

Have been doing some research into my home state of Ohio for a little while now and I'm pretty sold on the value proposition of investing in Ohio.  I'm currently looking into what it will take to invest from out of state to the area.  I visit Ohio a few times per year, so I would be able to check in on operations from time to time, or even be present for a walk through of potential acquisitions, but generally I am looking for a situation where I can get a good team in place that does not require my presence to be effective.  I've heard loud and clear that the team is the key.

All that said, I am interested in any referrals you might have for good property management, rehabbers, and acquisitions people in the markets of Cleveland, Columbus, and Toledo.  If you know a full-service company, that's even better but it's not required to all be under one roof.

I am looking for buy & hold rentals and buy, rehab & hold rentals in the aforementioned markets.  Not looking for the bottom of the barrel neighborhoods with lots of boarded ups and bars on windows, but blue collar good rental areas are fine.

Would love to get any referrals.  If you have worked with someone here on BP that you can intro me to that would be even better.

Marc

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Welcome.  I'm in your neighborhood too.

This is an awesome post.  Having worked at MSFT myself I know how good of a gig that is so it's inspiring for you to give that up to do what you really want to do.

I am going to write a blog post on this but the short (and interesting) part of the story is that the first investment I ever did was a lease to own MH that was 5 hours away, and after a year of making payments on 5 year note, the guy decided he didn't want it and just left and moved in a family of undocumented people.  He then charged them rent but eventually stopped paying me.  Only found out after the rent came later and later, and then stopped, and I had to fire the "property manager" who let that happen and find another to help just figure out what was going on and clean up the mess.  After she got them out, found out the place was hoarder-level trashed, and a few weeks later a feral dog had found a hole in the floor in a closet and got in the house after the people were out, and had a littler of puppies in it.  Whee!

Sounds like it could be good.  But any time there are multiple owners that can throw a wrench.  Good luck!  (And if it works out, get title insurance in case there are any other relatives who own a piece.)

I think you just got "wise" advice.  :)

Welcome!  I'm in DFW also.

Welcome.  I'm looking in that area as well due to cash flow possibilities and proximity to family.